Pursuant to Section 6.4 of the Alcoa Global Pension Plan
(Plan), the plan was amended as of December 30, 2010, and item 2 of that amendment was intended to define the phrase, as soon as administratively practical for all purposes of the Plan. In order to clarify the intent of
the original amendment, item 2 of that amendment, is amended as follows:

2.

Section 4.1 is amended by adding the following sentence to the end thereof:

Effective January 1, 2011, the term as soon as administratively practical means within the later of:
(a) 90 days of the date the Participants Continuous Service terminates or (b) 2 1/2 months after the year in which the Participants Continuous Service terminated.